Despite positive net retail sales in Q3, investors are still cautious as flows moved out of equity funds and into mixed asset and money market funds in September, according to the latest statistics from the Investment Association (IA).
The monthly figures which cover sales in September 2016, show mixed asset funds were the bestsellers for the month with net sales of £374m, followed by money market funds at £297m. Property funds were the third bestselling asset class in September, with net retail sales of £117m, while fixed income funds saw a net inflow of £100m. Total net retail fund sales reached £664m. Meanwhile, equity funds were the only asset class to see outflows, shedding £333m during the month. Equities have seen negative flows every month since December 2015, with record outflows of over £5bn in June and Ju...
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